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Trading Made Simple

  • #23,621
  • Aug 19, 2013 10:11am Aug 19, 2013 10:11am
is this the correct way to fib or should i fib the last weeks low and high?
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Come tomorrow, I'll wake up new
  • #23,622
  • Aug 19, 2013 10:20am Aug 19, 2013 10:20am
Quoting emmanuel7788
{quote} Good trade Hins. You picked a wide range pair to trade. and nicely trending down. If you managed that well, it may hit 60% of its average weekly range of 365pips.
Hi Emmanuel,

Yes, that trade went fine, it is all result of what I've learned from your posts and educational links.
Here is the next one just closed, although APB show potential for this trade. On the other hand the market base line is still in the bearish area, and I will be off for some time.
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  • #23,623
  • Aug 19, 2013 11:08am Aug 19, 2013 11:08am
One trade today....EJ H1.....taken on a TDI bounce of the green off red and yellow and a break above the previous session high. Did not reach 100 pip TP....closed on a sharp pullback of price and TDI green in the overbought area.
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  • #23,624
  • Aug 19, 2013 11:17am Aug 19, 2013 11:17am
Got out at 17 pips up. Could have stayed in but I need to leave and didn't want to mess this one up so I took my profit. that puts me 102 Pips up on the day. Not to bad.
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  • #23,625
  • Aug 19, 2013 11:17am Aug 19, 2013 11:17am
i want to ask that people who take h1 trade do you monitor it?
Come tomorrow, I'll wake up new
  • #23,626
  • Aug 19, 2013 12:10pm Aug 19, 2013 12:10pm
Quoting Phx62
One trade today....EJ H1.....taken on a TDI bounce of the green off red and yellow and a break above the previous session high. Did not reach 100 pip TP....closed on a sharp pullback of price and TDI green in the overbought area.{image}
Inspiring as usual phx62, Im wondering what made you decide to take the trade at that price and not near an area such as yesterdays high? I wasnt able to enter until price hit around .40 myself. the few previous candles before your entry showed no clear trend in either direction. Was this a pure tdi trade? If it was a price action trade, what would have been the reason?

Thanks
  • #23,627
  • Aug 19, 2013 1:01pm Aug 19, 2013 1:01pm
Quoting tenmilewalk
{quote} Inspiring as usual phx62, Im wondering what made you decide to take the trade at that price and not near an area such as yesterdays high? I wasnt able to enter until price hit around .40 myself. the few previous candles before your entry showed no clear trend in either direction. Was this a pure tdi trade? If it was a price action trade, what would have been the reason? Thanks
It was a TDI based trade along with a break of the high of the previous 8 candles.....you say there was no clear trend....trend is determined by higher highs and higher lows (or lower highs and lower lows)....in this case, the entry candle itself set a higher low and at my entry point, a higher high over the previous 8 candles which, in effect, created a new trend.
Also, I have learned over time that for Euro pairs (I have not tested other pairs), the high or low of the London session is normally set during the first 2 or 3 hours of the session. This happens regularly. In this case, once price set the low of the session, I expected price to continue long and it did.....
  • #23,628
  • Aug 19, 2013 1:04pm Aug 19, 2013 1:04pm
Quoting parsfx
Eurjpy Big picture If the price is above the desired closed(above consolidated zone) in H4 candle, This scenario may be considered See TDI. {image}

Buyers FAILED. see reversal candle H4 and cross TDI & Double top in H1
I missed it.
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Persian Gulf forever
  • #23,629
  • Aug 19, 2013 1:19pm Aug 19, 2013 1:19pm
@ Fx-optimus / gsbharaj

Guys please take the time to read this thread the average duration of a trade for H4 in relation to candle runs have been posted many times before and it is not 3-4 candles max! Also it is on the first couple of posts in the thread and clearly in the PDFs that have been compiled on the BigE TMS method. Once again...we find our selves in the same situation asking the new tms traders to read the posts and understand the basics of TMS. We can only help you as much as you are willing to put in the time to read up on this method of trading. For the sake of your hard earned money learn the basics.
  • #23,630
  • Aug 19, 2013 1:20pm Aug 19, 2013 1:20pm
Quoting Erol
Any one got the answer to this...? If one is an apple, two is an orange, three is a banana - What are numbers four and five?

The answer to the riddle is...nine!
  • #23,631
  • Aug 19, 2013 1:27pm Aug 19, 2013 1:27pm
Quoting Erol
{quote} The answer to the riddle is...nine!
Nice one Erol. I like.

Listen to the question. Answer is in front of us.
Likewise, Listen to the Market. It is all in front of us.
Do not over complicate things.

Cheers.
Steve
  • #23,632
  • Aug 19, 2013 1:30pm Aug 19, 2013 1:30pm
guys i have a doubt. in this gbd/jpy chart the price was going up and crossed the monthly r1. now after that the price retraced back. is it due to the resistance line which i have drawn?
so if i want to trade 4h charts then i have to look for strong resistance and support levels..is it true?
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Come tomorrow, I'll wake up new
  • #23,633
  • Aug 19, 2013 1:30pm Aug 19, 2013 1:30pm
Just finished a second EJ H1 trade for the day.....entry on a reversal candle pattern and a cross of the TDI...green coming out of overbought....only went for 40 pips because the red and green were both still above the yellow MBL and the London session had already closed.
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  • #23,634
  • Aug 19, 2013 1:31pm Aug 19, 2013 1:31pm
Quoting Erol
@ Fx-optimus / gsbharaj Guys please take the time to read this thread the average duration of a trade for H4 in relation to candle runs have been posted many times before and it is not 3-4 candles max! Also it is on the first couple of posts in the thread and clearly in the PDFs that have been compiled on the BigE TMS method. Once again...we find our selves in the same situation asking the new tms traders to read the posts and understand the basics of TMS. We can only help you as much as you are willing to put in the time to read up on this method...
Erol,

You are spot on mate, you can lead a horse to water but its up to the horse if it will drink.

Top man on all the effort you put into this thread.

Regards

Adam
  • #23,635
  • Aug 19, 2013 1:34pm Aug 19, 2013 1:34pm
Quoting adamjhdavis
{quote} Erol, You are spot on mate, you can lead a horse to water but its up to the horse if it will drink. Top man on all the effort you put into this thread. Regards Adam
yes everything is written in the pdf..the best of Big E

amazing.
Come tomorrow, I'll wake up new
  • #23,636
  • Aug 19, 2013 1:45pm Aug 19, 2013 1:45pm
Quoting gsbharaj
{quote} yes everything is written in the pdf..the best of Big E amazing.
Exactly...

Following that and all the posts from phx62 and emmanuel I am making consistent pips every week. 155 pips today.
All you have to do is apply it all to yourself and come up with your own trading/ business plan that suits your psychology and apply it through back testing and forward testing.

It is so simple when you have the tools in your tool box and understand how to use them.

I wish you all the best in going forward.

Adam
  • #23,637
  • Aug 19, 2013 1:48pm Aug 19, 2013 1:48pm
Quoting Phx62
Just finished a second EJ H1 trade for the day.....entry on a reversal candle pattern and a cross of the TDI...green coming out of overbought....only went for 40 pips because the red and green were both still above the yellow MBL and the London session had already closed.{image}
You're the best .
Please continue your education Similarly.
Persian Gulf forever
  • #23,638
  • Aug 19, 2013 2:43pm Aug 19, 2013 2:43pm
Quoting Phx62
Just finished a second EJ H1 trade for the day.....entry on a reversal candle pattern and a cross of the TDI...green coming out of overbought....only went for 40 pips because the red and green were both still above the yellow MBL and the London session had already closed.{image}
got it. thanks a lot
  • #23,639
  • Aug 19, 2013 3:12pm Aug 19, 2013 3:12pm
Quoting gsbharaj
i want to ask that people who take h1 trade do you monitor it?
No.
Just set and forget.
Walkaway, do other things.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #23,640
  • Aug 19, 2013 3:21pm Aug 19, 2013 3:21pm
Quoting emmanuel7788
{quote} No. Just set and forget. Walkaway, do other things.
Emmanuel my friend, you're not only à trading master but at least as much a zen master
Don’t ever let someone tell you that you can’t do something.
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